Oil Supply Continues to Far Out Pace Demand

by George Belekos, KPI Bridge Oil
Tuesday March 3, 2015

Saudi Arabia raised their official oil prices into the USA and Asia today signaling that demand is increasing for their light crude oil supply. 

This increase by Saudi Arabia had the markets looking to increase prices as well. 

At this point all eyes are on inventories that will be released tomorrow. 

Expectations are for a build in crude and declines in products. 

Overall it is puzzling why crude prices continue to increase when supply continues to far out pace demand. 

Production is increasing in Libya and if a nuclear deal is reached with Iran even more supply will be available on the market. 

Bunker prices rebounded today and remain firm from yesterday's dip.

About KPI Bridge Oil

KPI Bridge Oil is one of the world's leading international bunker broking and trading firms. With a network of offices that covers every major time zone, we have an in-depth knowledge of ports and bunker markets around the world. Our access to real-time market information and long-established credit lines with suppliers means we use our buying power in the right place and at the right time. All this ensures our customers enjoy competitive prices - and on favourable terms.

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